Reported 5 months ago
The U.S. Securities and Exchange Commission has cleared the way for the launch of the first U.S. exchange-traded funds (ETFs) directly investing in Ether, the second-largest digital asset after Bitcoin. While fund managers still need separate approval to launch these products, the move marks a significant step towards expanding the crypto market beyond Bitcoin. The approval has sparked optimism and a rally in Ether prices, with investors awaiting potential demand similar to that seen with Bitcoin ETFs.
Source: YAHOO